Dinar Recaps Note: The comments made by Bulldog75, Jim Willie and others are their sole OPINIONS and cannot and should not be used as any form of financial advice.

BULLDOG75: BRIC$ GOLD BANK & SHANGHAI GOLD EXCHANGE. Posted at OOM&F

Before our very eyes history continues to unfold as the EAST is gathering nation after nation to join economic forces. The IMF and World Bank is losing its strength and grip. We pray for God to save America. IMHO Buy what one can now in gold, silver real estate. Please read and absorb the foregoing because it's an objective piece of the world economy. Take positive steps now to economically prepare. "This part of the GCR reset. Gold and Silver are Currency". Our Manna does come. Keep the faith. I love you all. Blessings.

Jim Willie: The Global Paradigm Shift Has Begun by Grams Gold

In an interview with Rory Hall of The Daily Coin and Jim Willie on 3-23-15, Willie paints a picture of the entire world moving away from the dollar in a huge global paradigm shift.

Russia and China have been working together to court Europe away from the US, and have recent- ly shown success with their new signatories to the Asian Infrastructure Investment Bank (AIIB) Bank.

Willie believes this new bank will result in the termination of the IMF World Bank, stating it is “going to wither away like a tattered flag on an abandoned fort”.

He also thinks the Chinese, Russians and Saudis colluded to lower the oil price in order to destroy the US fracking industry.

Simultaneously, the Chinese and Russians have been putting in economic systems to divest away from the dollar, in preparation for a big move to a gold-backed currency, which could possibly occur this year. Read on to find out when Willie says the dollar will “drop like a stone”.

Sooner or later we are going to see a massive flow of major banking systems dumping their Treasury bonds. That’s when QE 4 comes in.

The New Development Bank Will Be the BRICS Gold Central Bank.

Jim Willie says, “January was just loaded with big events, and starting around February 19, the Chinese New Year, the global paradigm shift began.

Last week Australia and Britain signed on with the Chinese led Asian Infrastructure Investment Bank (AIIB). The Chinese are working towards replacing the World Bank.

These are nations who’s central banks are in negotiations with the Chinese [in joining the AIIB]:

Italy

France

Germany

Luxembourg

Switzerland

Japan

Japan holds a trillion or more of US Treasury bonds. Only South Korea remains. Last week Obama had a photo op looking sheepish with all the major AIIB representatives at a table. I’ve been saying that the US is going to make a lot of different errors, such as:

QE to infinity

Bond monetization forever

QE is not stimulus, it is capital destruction. We learned it in school. This is no different. It’s killing the economy. Watch all the retail chains go bust this year, including Sears.

The West clearly dominates banking and the East clearly dominates commerce, trade and manufacturing. Since the US has been blocking the return of the gold standard, we are going to see it through trade settlement. Countries are already trading in renminbi, without the dollar.

Sooner or later we are going to see a massive flow of major banking systems dumping their Treasury bonds. That’s when QE 4 comes in.

The New Development Bank to Be the BRICS Gold Central Bank

The most important event, in my opinion, is the New Development Bank. It has $200 Billion dollars and it originally was to be for development. If the AIIB is for infrastructure projects, then what is the New Development Bank for, if it’s not for development?

I say it’s to convert Treasury and Euro bonds, UK gilts (government bonds) and Japanese government bonds into gold and to become the BRICS Gold Central Bank.

Germany is going to leave the European Union and to submit their hoard of gold toward the “Gold-Backed Nordic Euro”, which will be wrapped into the BRICS gold and silver backed currency.

Putin is calling the region the EEU, or the Eurasian Economic Union.

Shanghai Gold Exchange The Russians and the Chinese are tightening the noose around the Western neck and the dollar.

The Saudis and the Chinese worked together with the Russians to lower the oil price to destroy the petrodollar standardand to wreck the fracking industry.

It didn’t have any credence a year ago, and now it has wrestled the gold fix from London and they are going to have an RMB based gold futures contract in a few months.

The Chinese are going to use their advantage with the Shanghai Gold Exchange and follow through with the gold fix and the RMB futures contract for gold, and then take action with the gold price.

They want to prevent an overnight reversal of their lift in the gold price. We saw this in a trial run last week. There was a big move up in gold, about $80-$100, and it was gone by the next day.

The Dollar is Going UP Because it’s Being Rejected

I think the petrodollar died a year ago, and that’s why you see the dollar rise. The various Forex derivatives are crashing and liquidating and settling in dollars. It forces the banks to get the dollars to settle with. That’s why the dollar’s going up.

The dollar is going to go up, up , up - suffocate the entire world, and then die and be replaced. The King Dollar has four legs, and I don’t think any of the legs are still operating.

I think it’s going to be the emerging market debt that is denominated in dollars that’s going to cause big problems with the bankers. With QE in 2011, the West has been funding the emerging market debt with free money. If you see a 20% decline in, say Bagladesh, it’s important. We are going to see Greece, Ukraine and emerging markets kill the dollar.

TTIP (The Transatlantic Trade and Investment Partnership)

The United States does not want Europe to be dependent on Russia for energy. They want Europe to sign the TTIP. If the US was going to use fracking to supply Europe, then why did the US destroy the fracking industry with a lower oil price? They did not. The Saudis and the Chinese worked together with the Russians to lower the oil price to destroy the petrodollar standard and to wreck the fracking industry.

An agreement to the TTIP is simply to get a corporate political power center in place. No European country wants it, and we are trying to jam it down their throats. So the Europeans and the Asians are voicing their objection by joining the Chinese AIIB Bank. The more we pressure with the trade sanctions and wars, the more they respond [negatively].

I think the Chinese joined the IMF to kill it. The World Bank is going to wither away like a tattered flag on an abandoned fort.

The Future

I am optimistic. I think the banker cabal is losing their grip. The gold standard is going to be re-installed.

As a patriot, I want the dollar to be gold and silver backed. Abrogating the gold standard has resulted in an unspeakable amount of pilferage and theft. We need to get back to the gold standard to put the entire global economy on the right footing, because everything is going to “crack” right now. Global War

I don’t think we are going to have a global war.

I think Russia and Chinese are using tolerance to let the US be exposed for their actions and their propoganda, and to let Germany and Europe depart from the US camp. Rather than respond with force, the Kremlin, in particular, is allowing the EU to split from the US. That’s pretty powerful. It’s an economic split. I think Europe will say this year that they don’t want anymore to do with Russian sanctions. This is When the Dollar Drops like a Stone

We are not isolating Russia, but isolating ourselves. We are going to have to replace the dollar. The Treasury bill is not going to be accepted. The gold trade note, I think it’s going to come in several months. It’ going to be a Letter of Credit, backed by gold.

Countries that we import good from will demand us to produce “gold trade notes”. They will want the US to cash in their Treasury bills for the trade notes. This is when the dollar will decline like a stone!

I think that this could happen this year. I think the US Dept of Treasury is going to announce some tentative plans for the replacement of the dollar. It’s not going to be the “Amero”. Mexico and Canada are not going to unite with us.

Canada knows they can replenish their gold quickly. And Mexico knows they can replace silver to back a currency. The US is going to insist that they have this “deep storage gold” which is going to be a big lie.

As a patriot, I want the dollar to be gold and silver backed. Abrogating the gold standard has resulted in an unspeakable amount of pilferage and theft. We need to get back to the gold standard to put the entire global economy on the right footing, because everything is going to “crack” right now.